Sports wagering revenue in New Hampshire declined for the second consecutive month in May, despite figures released by the New Hampshire Lottery revealing a 633.1% year-on-year increase.
Revenue in May amounted to $3.1m, which was significantly higher than $424,947 in the same month last year, though all retail sportsbooks in the state were closed in May 2020 due to novel coronavirus (Covid-19) restrictions.
However, the monthly amount was down 5.7% from $3.3m in April this year, which itself was 23.3% down from $4.3 in March.
Mobile betting accounted for $2.2m of all sports wagering revenue generated during May, compared to $874,260 from retail sportsbook facilities across the state.
It was a similar story for player spending, with the state’s handle rocketing 488.9% year-on-year to $42.4m, though this was the lowest monthly total since September 2020 and was down 9.2% from the $46.7m wagered during April.
Consumers spent a total of $33.3m betting on sports via mobile in May, while retail spend amounted to $9.1m for the month.
For the financial year to date, sports betting revenue in the 11 months to the end of May amounted to $35.1m, with players having spent $481.4m in the process.